Tracking negative global cues, Indian markets may open flat on Wednesday, though PMI manufacturing, infrastructure output data which is due to be released this week will decide the market’s trend. 0702 hrs IST, nifty Futures were trading 26.25 points or 0.15 per cent lower at 17,648 on the Singapore Stock Exchange, indicating a negative start for the Indian market. following the same path, american stock market also opened in the red and US stocks saw their worst day since May, after US futures closed 2 per cent lower on the S&P 500 – the highest since May. The Nasdaq 100 has declined the most since March. Similarly, Asian stock markets also opened lower on Wednesday, with equities in Japan, Australia and South Korea falling as rising concerns over the debt-limit standoff in Washington left investors upset. The Hang Seng index fell 0.91 per cent, or 223.68 points, to end at 24,276.71. The Shanghai Composite Index fell 0.80 per cent, or 28.70 points, to 3,573.52, while the Shenzhen Composite Index on the Second China Exchange also closed 0.80 per cent, or 19.34 points, down at 2,382.86. Tokyo’s leading Nikkei index opened two per cent lower in global markets on Wednesday as traders worried about rising oil prices and fears of US debt default. The benchmark Nikkei 225 index was down 2.00 per cent, or 602.55 points, at 29,581.41 in early trade, while the broader Topix index was down 2.11 per cent, or 43.83 points, at 2,037.94.
On Tuesday, the 30-share BSE barometer ended some losses lower by 410.28 points, or 0.68 per cent, at 59,667.60. The National Stock Exchange’s Nifty closed 106.50 points or 0.60 per cent lower at 17,748.60, which was dragged down by Bharti Airtel and Tech Mahindra.
Here are some stocks that will be in focus today:
HDFC AMC: According to CNBC-TV18, foreign promoter Standard Life Investments is likely to sell 1.06 crore equity shares (5 per cent stake) in HDFC Asset Management Company through an open market transaction on September 29. LIC of India acquired 1.24 lakh equity shares in the company through an open market transaction on September 24, an increase of 5.007 per cent from 4.949 per cent earlier.
Interactive Financial Services: Company Approved as a Registered Merchant Banker with SEBI.
Imp Powers: IMP Powers Limited has submitted a resolution plan to its lenders for restructuring its credit facilities under the guidelines of RBI. Negotiations are also going on with the lenders. The Company is very confident of the successful restructuring of its debt and will inform its outcome.
HCL Technologies (HCL): Amazon Web Services (AWS), a leading technology company and Premier Consulting Partner, has joined the AWS Service Delivery Program and become the AWS Contact Center Intelligence Partner.
Shreyas Shipping & Logistics: The company has signed a Memorandum of Understanding (MoA) for acquisition of a bulk carrier of 35,152 DWT.
Infosys: Infosys announced the launch of Leads & Proposals solution as part of SAP’s Industry Cloud portfolio for the professional services industry. This cloud-native business-to-business (B2B) solution, part of Infosys Cobalt, leverages Predictive Analytics, SAP Analytics Cloud Solution and SAP Conversational AI Service, to drive innovation in professional services like SAP S/4HANA Integrated with Cloud. Area.
Bharti Airtel: CRISIL has upgraded the long-term rating on bank credit facilities worth Rs 20,000 crore from AA/stable to AA+/stable.
Atul Auto: The commercial production of manufacturing three-wheelers at the company’s Bhayla plant in Ahmedabad began on September 27.
Lupine: The company launched droxidopa capsules, the generic equivalent of Lundbeck NA’s Northera capsules, in the United States. This medicine is used for the treatment of orthostatic dizziness and lightheadedness.
KSE: Godrej Agrovet on September 24 acquired 507 shares in the company through an open market transaction, increasing the shareholding from 4.99 per cent to 5 per cent.
Compucom Software: The company has won a tender and obtained acceptance letter from Building and Other Construction Workers Welfare Board (BOCW), Labor Department, Rajasthan for job works for building and other construction work for a period of 12 months. The project is worth Rs 6.07 crore.
read all breaking news, breaking news And coronavirus news Here
.